New 292

[blucar]

The breather can on the left front side of the engine was common on the pre '63 Y-Blocks, there usually is a road draft tube attached to the rear of the valley cover.
The breather can should have a type of air filter contained there-in.. Most people overlook the filter, they very seldom were serviced and therefore there was very poor ventilation within the engine..
I would strongly suggest that you eliminate the rear draft tube in favor of a fixture from a '63-64 F-100/250 292.. This attachment will bolt in place of the draft tube and will have a tube which attaches to the PCV... The PVC can be plumbed into a plate added to the base of the carb, or you can plumb it into one of the vacuum ports in the intake manifold...
The can on the block can be eliminated, or you can put a plate and gasket between the can an the block if you want the engine to look stock...
The hose connector attachment might be a little hard to find.. If there are any wrecking yards in your area that has trucks, that might be your best bet... Look for '63-64 F-100/250 with 292 V8 engines.. Any time I see one of these trucks I check them for PCV systems..
A PCV system will be the best thing you could have ever done for your engine. You will eliminate most of the oil leaks that the Y-Blocks had...
If you look closely at the attached pix you can see the PCV hose coming from the rear of my 312 to the base of the carb.
I have four vehicles with Y-Blocks, all of them have PCV's....

[Y-Blockhead]

Originally Posted by blucar

A PCV system will be the best thing you could have ever done for your engine.

100% Agree.

Here's a picture of PCV valve hidden at the back of my engine to give you an idea of one example where it may be placed.